529 plans may be sponsored by all of the following except: state agencies, k through 12 school districts, educational institutions, state governments
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✔✔✔k through 12 school districts (the federal government)〽〽
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Answer: A 529 plan is a tax-advantaged savings plan that encourages people to save for future school expenses. Section 529 of the Internal Revenue Code authorizes 529 plans, which are formally known as "qualified tuition plans" and are supported by states, state agencies, or educational institutions. Prepaid tuition plans and education investment plans are the two kinds of 529 plans. At least one form of 529 plan is offered in each of the fifty states and the District of Columbia.
Explanation: Prepaid tuition plans allow a saver or account user to buy units or credits at participating colleges and universities (typically public and in-state) for the beneficiary's future tuition and required fees at current rates. Prepaid tuition plans cannot typically be used to pay for future room and board at colleges and universities, and they do not enable you to advance for primary and secondary school fees.
Most prepaid education plans are supported by state governments and require the saver and/or recipient to live in the state. The federal government does not ensure prepaid programmed. Some state governments ensure the money put into their prepaid tuition programmed, while others do not. You may loose some or all of your prepaid tuition installments if they are not assured.
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